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The Southern Company Financial Report: Insights on Debt & Equity Strategies

$SO
Form 8-K
Filed on: 2025-02-28
Source
The Southern Company Financial Report: Insights on Debt & Equity Strategies

Based on the provided section of the financial report, here are the key details and insights:

Company Overview

  • Entity Name: The Southern Company
  • CIK Identifier: 0000092122
  • Location: 30 Ivan Allen Jr. Boulevard, N.W, Atlanta, GA 30308
  • Contact Number: 404-506-5000

Stock Information

  • Common Stock:
  • Par Value: $5 per share
  • Trading Symbol: SO (listed on NYSE)

Debt Instruments

The report outlines several series of Junior Subordinated Notes with their respective due dates and interest rates:

  1. Series 2017B
  • Interest Rate: 5.25%
  • Maturity: Due 2077
  • Trading Symbol: SOJC (NYSE)
  1. Series 2020A
  • Interest Rate: 4.95%
  • Maturity: Due 2080
  • Trading Symbol: SOJD (NYSE)
  1. Series 2020C
  • Interest Rate: 4.20%
  • Maturity: Due 2060
  • Trading Symbol: SOJE (NYSE)
  1. Series 2021B
  • Interest Rate: 1.875% (Fixed-to-Fixed Reset Rate)
  • Maturity: Due 2081
  • Trading Symbol: SO81 (NYSE)
  1. Series 2025A
  • Interest Rate: 6.50%
  • Maturity: Due 2085
  • Trading Symbol: SOJF (NYSE)

Reporting Period

  • Report Date: February 25, 2025
  • The report appears to contain financial information strictly for that specific date.

Insights

  • The Southern Company has diversified its debt portfolio with multiple series of subordinated notes, which can be indicative of its strategic financing approach.
  • The varying interest rates and maturity dates offer insight into the company's long-term financing strategy and market conditions at the time of issuance.
  • The common stock is actively traded on the NYSE, and the par value of shares suggests a traditional equity structure.

Conclusion

The Southern Company's financial report indicates a stable equity structure with common stock and a well-defined portfolio of subordinated notes. The interest rates and maturity dates suggest a balanced approach to long-term financing and could be a point of interest for investors looking into the company's financial health and future obligations.